More homes on market, average Wgtn asking price now $592,000

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Here is another interesting Wellington real estate related news article that we thought may provide you with helpful information.


An increase in new listings, coupled with static prices, indicates the property market is back on track, says spokesperson Vanessa Taylor. “The heat that lit the 2015-2016 market is no longer evident.

“The slow start to the 2017 year was equally challenging for buyers and sellers. What we are now seeing is a normalising of the market which will benefit both groups,” she says.

While Auckland dominated the lift in new listings by volume (4,629 new listings) in November, other regions recorded higher percentage level increases compared to November 2016. In Wellington the increase was 7.9 per cent.

Wellington’s average asking price rose 1.2 per cent to $593,386.

Real-time statistics from show that in November, there were 13,477 new listings across the country, the highest number since November 2014.

“With this increase, the market is now sitting where………..

Continue reading this article at the original source from Scoop Wellington





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